Societe Generale
Rothschild enters oil risk sector
Heading the senior team is Martin Fraenkel, previously managing director of JPMorgan Chase's global commodities group in London. Fraenkel has recruited hissenior team from outside Rothschild. KamalInvestment bank Rothschild has entered the oil risk…
SG hires credit derivatives marketers
French bank SG, the investment banking division of Société Générale, has hired Daniel Schlaichert from Crèdit Agricole Indosuez and Edgar Leibovici from Mizuho International to sell credit derivatives.
SG reshuffles Asian energy risk management team
SG, the corporate and investment banking arm of French bank Société Générale, has made changes to its energy risk management team in Singapore.
Escoffier outlines SG’s UK expansion plans
David Escoffier, French investment bank SG’s newly appointed head of equity derivatives for the UK and northern Europe, has outlined his plans for the bank’s British expansion, including selling more structured products.
UK banks failing SMEs on hedging
More than half of UK businesses with exposure to currency transactions totalling £20 million per year are failing to hedge their exposure, according to research produced by currency services firm Travelex in the UK. The lack of protection is due to a…
IIF calls for Basel and IASB co-operation; warns on Basel II deadline
The Institute of International Finance (IIF), an association of leading banks, has called for more co-operation and discussion on bank capital accounting issues between the Basel Committee on Banking Supervision and theInternational Accounting Standards…
SG expands range of UK currency warrants
SG, the investment banking arm of French bank Société Générale, has launched warrants on the US dollar/yen and euro/US dollar currencies on the London Stock Exchange’s warrants market. SG said it also plans to launch warrants on the Japanese Nikkei 225…
Escoffier replaces Annandale as SG’s head of UK derivatives
David Escoffier, formerly head of distribution for equity derivatives structured products at Société Générale in the Americas, has replaced Charles Annandale as head of equity derivatives in the UK.
SG appoints interest rate derivatives marketer
SG, the investment banking arm of French bank Société Générale, has appointed Arun Jagannathan from Merrill Lynch to sell interest rate derivatives and structured products to German and Austrian banks.
Third-party CLS take-up slows
Take-up of the continuous-linked settlement (CLS) service by third-party banks is slowing as a result of time-consuming back-office changes and a waning sense of urgency, CLS project managers told RiskNews ' sister publication, FX Week .
Fimat to launch foreign exchange futures in Poland
Fimat Group, the brokerage arm of French investment bank SG, is developing new exchange-related foreign exchange futures contracts in eastern Europe to widen its currency product portfolio for its institutional client base.
BNP Paribas beats SG for ZCM assets
French bank BNP Paribas has entered the final stages of negotiations to purchase about 140 structured transactions linked to funds investments from Zurich Capital Markets (ZCM), a division of Swiss insurer Zurich Financial.
Deutsche boosts commodities business in Asia
Deutsche Bank has hired Richard Ng as vice-president and commodities marketer for the bank’s global markets business unit in Singapore.
SG to be first to market with UK currency warrants
SG, the investment banking arm of Société Générale, will issue the first currency warrants in the UK next week. The move follows the release of warrants linked to oil, gold and house price moves by Goldman Sachs, SG’s biggest rival in this area.
SG appoints new head of equity sales and trading
SG, the investment banking arm of Société Générale, has appointed Jacques Ripoll – who was in charge of the equity financing group within equity derivatives and also the hedge fund sales group – as head of equity sales and trading.
International banks have stronghold in Italian derivatives market
The first survey of Italian derivatives dealers conducted by Risk Italia , the Italian language edition of Risk , found that international banks have a stronghold in the Italian derivatives market. But the results were also encouraging for Italian banks,…
Risk Italia 2003: Italian covered warrants market will recover
The Italian covered warrants market will recover, despite recent falling volumes, said Marco Montanari, head of the Italian covered warrants market at SG, speaking today at Risk 's inaugural Risk Italia conference in Milan.
Debreu sets up new Los Angeles derivatives office for SG
Stanislas Debreu, formerly head of global equity derivatives sales and marketing at SG in Paris, has founded a new equity derivatives sales office in Los Angeles for the French bank. Debreu took up his new role as SG's head of West Coast-based equity…
SG reorganises European forex derivatives sales team
SG, the corporate and investment banking arm of Société Générale, has reorganised its London-based, western European (excluding France) foreign exchange cash and derivatives sales team into two specialised lines.
Fimat Group reinforces Asian operations
Fimat Group, the brokerage arm of French bank Société Généralé, has promoted a number of its staff in the Asia-Pacific, in a move aimed at reinforcing its position in the region.
Lepus lists op risk leaders
US firm OpRisk Analytics, Canada-based Algorithmics, and UK company Raft International are leading the operational risk vendor market, according to a report published in January by management consultancy Lepus.
Dealers rebut UK covered warrants market flop claims
Leading warrants dealers in the UK have rebutted claims that the London Stock Exchange’s (LSE) new covered warrants market is a flop.
OM system failure behind HKEx interruption
A fault in the system of Swedish software company, OM Gruppen, was to blame for a temporary failure of the Hong Kong Exchanges and Clearings’ (HKEx) futures and options trading system last Thursday, the exchange has revealed.
LSE moves to offer new equity derivatives services
The London Stock Exchange (LSE) plans to buy OM London Exchange and will rename the company EDX London. The move is part of a bid by the LSE to improve efficiency and risk management in the equity derivatives business.